The Central Bank of the UAE (CBUAE) announced that it has signed a Memorandum of Understanding with BEEAH to strengthen cooperation and develop innovative solutions for processing and recycling shredded banknotes, supporting circular economy policies and sustainability objectives. Under the MoU, the two parties will collaborate on recycling shredded banknotes in line with local and international regulatory requirements and waste management best practices, with an emphasis on transparency and high standards of security and safety. The agreement was signed by Mohammed Bin Kuwair, Head of Corporate Services at CBUAE, and Ali Al Mheiri, Senior Manager of Business Relations – Environment at BEEAH, in the presence of senior officials from both entities.
Central Bank of the UAE 2026-01-29
Central Bank of the UAE signs MoU with BEEAH to develop recycling solutions for shredded banknotes
The Central Bank of the UAE signed a Memorandum of Understanding with BEEAH to enhance cooperation in recycling shredded banknotes, aligning with circular economy policies and sustainability goals. The collaboration will adhere to regulatory requirements and waste management best practices, focusing on transparency and security.